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Censof Holdings fiscal Q3 profit climbs YOY

Censof Holdings Bhd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was 3.9 million ringgits, a rise from 976,630 ringgits in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin increased to 8.7% from 2.6% in the year-earlier period.

Total revenue increased 18.6% year over year to 45.3 million ringgits from 38.2 million ringgits, and total operating expenses grew 31.5% from the prior-year period to 35.3 million ringgits from 26.8 million ringgits.

Reported net income rose on an annual basis to 3.2 million ringgits, or 1 sen per share, from 843,490 ringgits, or 0 sen per share.

As of Feb. 29, US$1 was equivalent to 4.21 ringgits.